Cabot Balance Sheet Health
Financial Health criteria checks 5/6
Cabot has a total shareholder equity of $1.5B and total debt of $1.3B, which brings its debt-to-equity ratio to 88.9%. Its total assets and total liabilities are $3.7B and $2.2B respectively. Cabot's EBIT is $566.0M making its interest coverage ratio 10.1. It has cash and short-term investments of $244.0M.
Key information
88.9%
Debt to equity ratio
US$1.31b
Debt
Interest coverage ratio | 10.1x |
Cash | US$244.00m |
Equity | US$1.48b |
Total liabilities | US$2.22b |
Total assets | US$3.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CBT's short term assets ($1.7B) exceed its short term liabilities ($830.0M).
Long Term Liabilities: CBT's short term assets ($1.7B) exceed its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: CBT's net debt to equity ratio (72.4%) is considered high.
Reducing Debt: CBT's debt to equity ratio has reduced from 93.3% to 88.9% over the past 5 years.
Debt Coverage: CBT's debt is well covered by operating cash flow (49.4%).
Interest Coverage: CBT's interest payments on its debt are well covered by EBIT (10.1x coverage).